A horse? A triple-gallop investment!
The passage of each metre sets your heart racing, the minutes stretch on like hours and then comes the euphoria of seeing the jacket, bearing your own colours, boldly cross the finish line… Indeed, being the owner of a horse is packed with emotions, and it also potentially offers you fairly decent tax deductions, so why not take the jump this year and invest in a horse!
The acquisition of a race horse: a wise investment
At a time when the financial sector is experiencing an unprecedented crisis and the Madoff affair has greatly tarnished the image of banks, it is high time to consider other kinds of investments, more "humane" and stimulating ones. So, the good news is, and this goes along with the new democratization trend, owning a race horse is no longer the privilege of a closed circle of racetrack elites, but the door to ownership has recently opened up offering a variety of possibilities. My horse, our horse, our horses...: for a few thousand Euros, it is now possible to satisfy our passion for races and to generate good and steady profits. Just to give you an idea, in 2008, some 4,600 owners shared around 170 million Euros in profits. That should surely whet your appetite...
Between recreation and a game of strategy
A quick review of terms. According to the horse race code, an "owner designates a person or corporation who has been authorized by France Galop commissioners to possess a horse running under its colours, to fulfil their commitments and to obtain the monies derived thereof". A real multi-facetted recreational activity with compensation, ownership is thus your guarantee of having your fill of intense emotions, of satisfying your attraction to competition and challenges and to go green, all while expecting some financial profit, which when you think about it does not spoil your fun at all! On the contrary. What more can you ask for? Tax authorities are nowadays more lenient and authorise owners acting in a professional capacity to deduct any possible race track losses from their income. This last obstacle lifted, we understand why the Race Course Directory has been undergoing some major changes over the past few years now... While you may not necessarily be able to aspire to the Qatar Prix de l’Arc de Triomphe horse race,it no longer is such a far-fetched idea to aspire to feel the great frenzy that comes from being the winner of a race, all while intelligently diversifying your investments. The real challenge lies in betting on the right horse...
